Stock markets halt 6-day rally; Sensex, Nifty dive nearly 1% as HDFC Bank, Reliance drag
A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: PTI Equity…
Market participants are closely tracking further developments on the proposed US-Iran agreement, including possible easing of tensions in the Strait of Hormuz, which could influence bullion prices in the coming sessions. Gold prices rebounded by Rs 1,600 to Rs 1.62 lakh per 10 grams in the national capital on Friday, tracking firm global trends amid…
The ownership of natural diamond jewellery among Indian women has increased by 4 percentage points from 11 per cent in 2022 to 15 per cent in 2025, with Gen Z and Millennials accounting for 86 per cent of the market value, says a De Beers India Diamond Acquisition Study 2025. It reflects rising aspiration, accessibility,…
Silver prices on Friday fell by ₹1,322 to ₹2,68,215 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined by ₹1,322, or 0.49 per cent, to ₹2,68,215 per kg in a business turnover of 749 lots. Analysts said a sell-off by participants mainly weighed on silver prices….
( Gold edged higher on Friday as investors assessed reports of a U.S.-Iran ceasefire deal amid growing concerns around inflation and U.S. interest rate hikes. Spot gold rose 0.2% to $4,499.56 per ounce by 0231 GMT, but was down about 0.2% for the week so far. U.S. gold futures inched 0.1% lower to $4,529.80. Bullion…
Keyur Shah, CEO, Muthoot Exim Muthoot Exim aims to attract 3 tonnes of gold, worth ₹4,500 crore (as per current gold rates), for recycling over the next two years as it expands its outlets to 200 from 109 currently. Muthoot Gold Point, the collection centre of the Muthoot Pappachan Group, collected 1 tonne of gold…
Gold prices fell to a two-month low on Thursday as fresh US attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook. Spot gold was down 1.7 per cent at $4,380.62 per ounce, as of 0409 GMT, earlier falling to its lowest level…
Gold prices retreated by ₹1,107 to ₹1.57 lakh per 10 grams in futures trade on Tuesday as renewed US military strikes against Iran triggered volatility, strengthened the US dollar and prompted traders to book profits. On the Multi-Commodity Exchange, the yellow metal for June delivery rose by ₹1,107, or 0.7 per cent, to ₹1,57,974 per…
Gold fell on Tuesday as fresh U.S. attacks in Iran pushed oil prices higher, fuelling concerns around inflation and higher-for-longer interest rates. Spot gold was down 1 per cent at $4,524.73 per ounce, as of 0737 GMT. U.S. gold futures for June delivery gained 0.1 per cent to $4,525.30. U.S. Secretary of State Marco Rubio…
Investments in physically-backed gold exchange-traded funds turned negative again this week, with US and Chinese investors leading the exits from the funds, data from the World Gold Council (WGC) showed. It is for the second consecutive week that inflows in Asia, particularly China, were negative. Outflows from the US and China were over $600 million…
Gold prices climbed by ₹426 to ₹1.59 lakh per 10 grams in futures trade on Monday, tracking gains in global markets amid optimism surrounding a possible peace agreement between the US and Iran. On the Multi Commodity Exchange, the yellow metal for the June delivery increased by ₹426, or 0.27 per cent, to ₹1,59,105 per…